50 South Pearl Street

50 S Pearl St

50 South Pearl Street

HPD has invested $2.5 million to transform the 21,500 sq. ft. Albany, NY property, mostly vacant since 2011, into 16 luxury market-rate apartments combined with street level retail and commercial space. The property is directly across the street from the Times Union Center and within walking distance of all of downtown Albany. The development team is getting interest from business owners seeing the opportunities, including a nationally recognized restaurant franchise. As is typical of HPD properties the apartment finishes will be of high luxury quality and the design includes open floor plans, energy efficient gourmet kitchens, granite counter-tops and walk-in closets.